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Revenue
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Revenue [Abstract]    
Revenue

3. Revenue 

 

3.1 Disaggregated revenue information

 

The following is an analysis of the Group’s revenue for the period from continuing operations. 

 

   Six months
ended
June 30
2023
£’000		   Six months
ended
June 30
2022
£’000		 
Type of goods or services        
Retail1   376,386    497,790 
Wholesale   35,984    68,888 
Other sales1   6,192    16,542 
    418,562    583,220 
           
Timing of revenue recognition          
Goods and services transferred at a point in time   413,561    575,225 
Goods and services transferred over time   5,001    7,995 
    418,562    583,220 

 

1 Retail includes the aggregate retail sales price and ancillary products (including financing commission, warranty commission, paint protection and any add-ons), together with delivery charges and admin fees, from all vehicles sold through the Group’s retail channel in the year. Ancillary revenues were previously presented in “Other sales”. The comparatives for the six months ended June 30, 2022 have been restated for consistency (ancillary revenues were £17.5 million for the six months ended June 30, 2022).

 

3.2 Contract balances

 

Revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the period end is summarized as below.

 

   At
June 30,
2023
£’000		   At
December 31,
2022
£’000		 
           
Undelivered vehicles and service plans   18,853    19,374 

5. Revenue

 

5.1 Disaggregated revenue information

 

The following is an analysis of the Group’s revenue for the year from continuing operations. Revenue recognized from continuing operations has arisen entirely within the UK.

 

   Year ended
December 31
2022
£’000		   Year ended
December 31
2021
£’000		   Year ended
December 31
2020
£’000		 
Type of goods or services            
Retail1   1,103,557    515,711    153,541 
Wholesale   116,541    103,203    8,667 
Other sales1   28,493    36,509    
-
 
    1,248,591    655,423    162,208 
                
Timing of revenue recognition               
Goods and services transferred at a point in time   1,231,204    645,952    162,208 
Goods and services transferred over time   17,387    9,471    
-
 
    1,248,591    655,423    162,208 

 

1

Retail includes the aggregate retail sales price and ancillary products (including financing commission, warranty commission, paint protection and any add-ons), together with delivery charges and admin fees, from all vehicles sold through the Group’s retail channel in the year. Ancillary revenues were previously presented in “Other sales”. The comparatives for 2021 and 2020 have been restated for consistency (ancillary revenues were £15.2 million for the year ended 31 December, 2021 and £3.1 million for the year ended December 31, 2020).

 

5.2 Contract balances

 

Revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the year-end is summarized as below.

 

   Within one
month as at
December 31,
2022		   Within one
month as at
December 31,
2021		 
   £’000   £’000 
           
Undelivered vehicles   19,374    7,911